International Financial Reporting Standards (IFRS)

GlobalForward will help you evaluate organizational readiness and recommend next steps. We perform analysis of the impact and risks of transitioning from local GAAP (e.g Dutch GAAP / U.S. GAAP) to IFRS with respect to internal and external financial statements, tax accounting, strategy and planning, and project management needs during the assessment phase and continuing into the implementation phase. We also analyze current policies, procedures, processes and related internal controls for consistent and complete compliance with SOX 302 and 404.

In addition, GlobalForward can:

  • Provide technical consultation and interpretation assistance
  • Create training plans to educate staff and senior management about IFRS and its implications
  • Draft technical memos supporting management assumptions, calculations and conclusions
  • Prepare work papers cross-referenced to technical literature and supporting documentation
  • Draft or review pro forma financial statements in accordance with IFRS, including providing disclosure recommendations and completing or reviewing disclosure checklists